Korea Investment CORP grew its position in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 1.7% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 751,136 shares of the semiconductor company’s stock after buying an additional 12,277 shares during the quarter. Korea Investment CORP’s holdings in Texas Instruments were worth $155,951,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also made changes to their positions in TXN. Brighton Jones LLC boosted its holdings in shares of Texas Instruments by 33.4% in the fourth quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company’s stock valued at $3,158,000 after acquiring an additional 4,218 shares during the period. Fiera Capital Corp grew its position in Texas Instruments by 110.5% during the 1st quarter. Fiera Capital Corp now owns 49,071 shares of the semiconductor company’s stock worth $8,818,000 after purchasing an additional 25,760 shares during the last quarter. Meeder Advisory Services Inc. increased its stake in Texas Instruments by 10.6% in the first quarter. Meeder Advisory Services Inc. now owns 13,426 shares of the semiconductor company’s stock valued at $2,413,000 after purchasing an additional 1,289 shares during the period. N.E.W. Advisory Services LLC purchased a new stake in shares of Texas Instruments in the first quarter valued at about $42,000. Finally, Federated Hermes Inc. raised its holdings in shares of Texas Instruments by 32.3% in the first quarter. Federated Hermes Inc. now owns 26,026 shares of the semiconductor company’s stock valued at $4,677,000 after buying an additional 6,359 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.
Texas Instruments Stock Performance
Shares of TXN opened at $165.35 on Thursday. The company has a quick ratio of 2.90, a current ratio of 4.45 and a debt-to-equity ratio of 0.81. Texas Instruments Incorporated has a 52-week low of $139.95 and a 52-week high of $221.69. The company has a 50-day simple moving average of $170.48 and a 200-day simple moving average of $187.05. The company has a market capitalization of $150.24 billion, a PE ratio of 30.23, a P/E/G ratio of 3.05 and a beta of 1.02.
Texas Instruments Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 12th. Investors of record on Friday, October 31st were paid a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Friday, October 31st. This is an increase from Texas Instruments’s previous quarterly dividend of $1.36. Texas Instruments’s dividend payout ratio (DPR) is 103.84%.
Insider Buying and Selling at Texas Instruments
In other news, VP Christine Witzsche sold 1,000 shares of the firm’s stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $164.31, for a total value of $164,310.00. Following the completion of the transaction, the vice president owned 20,821 shares in the company, valued at $3,421,098.51. This trade represents a 4.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ronald Kirk sold 9,990 shares of Texas Instruments stock in a transaction on Monday, November 24th. The stock was sold at an average price of $162.33, for a total value of $1,621,676.70. Following the transaction, the director directly owned 14,937 shares of the company’s stock, valued at $2,424,723.21. This trade represents a 40.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.57% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts recently issued reports on the company. Susquehanna lowered their price target on Texas Instruments from $240.00 to $200.00 and set a “positive” rating on the stock in a report on Wednesday, October 22nd. Mizuho set a $145.00 target price on Texas Instruments in a report on Wednesday, October 22nd. Rosenblatt Securities dropped their price objective on shares of Texas Instruments from $245.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday, October 22nd. Cantor Fitzgerald reduced their target price on shares of Texas Instruments from $200.00 to $170.00 and set a “neutral” rating for the company in a research note on Wednesday, October 22nd. Finally, Benchmark reaffirmed a “buy” rating on shares of Texas Instruments in a report on Wednesday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have given a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Texas Instruments has an average rating of “Hold” and an average price target of $191.67.
Check Out Our Latest Analysis on TXN
About Texas Instruments
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.
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